Bank of America holds 1.7% of Galiano Gold (GAU) through subsidiaries
Rhea-AI Filing Summary
Bank of America Corporation has filed an amended Schedule 13G reporting beneficial ownership of 4,433,523 common shares of Galiano Gold Inc. This represents 1.7% of the outstanding common shares, based on 259,438,440 shares reported outstanding as of September 30, 2025.
Bank of America reports no sole voting or dispositive power and shared voting and dispositive power over all 4,433,523 shares, through subsidiaries including BofA Securities, Inc., Merrill Lynch International, and Merrill Lynch Canada. The filing states the position is held in the ordinary course of business and not for the purpose of influencing control of Galiano Gold.
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FAQ
What stake does Bank of America report in Galiano Gold (GAU)?
Bank of America reports beneficial ownership of 4,433,523 Galiano Gold common shares, representing 1.7% of the class. This percentage is based on 259,438,440 shares outstanding as of September 30, 2025, as disclosed by Galiano in a prior Form 6-K filing.
How was the 1.7% ownership in Galiano Gold (GAU) calculated?
The 1.7% ownership figure is calculated using 259,438,440 Galiano Gold common shares outstanding as of September 30, 2025. That share count comes from a Form 6-K filed by Galiano on November 7, 2025, which Bank of America cites in the Schedule 13G amendment.
What is the purpose of Bank of America’s Galiano Gold (GAU) holding?
Bank of America certifies the Galiano Gold shares were acquired and are held in the ordinary course of business. It further certifies the position was not acquired and is not held for changing or influencing control of Galiano, nor as part of any control-related transaction.